What will we do when you remortgage?
When your current mortgage deal is ending, it can be difficult to know whether you should accept a new deal from your existing lender or look elsewhere.
Your dedicated mortgage adviser will review your current mortgage and talk to you about what you want to achieve. We will then research your options and explain them clearly so you can make an informed decision.
We will:
- Review your existing mortgage and current rate
- Check the options available from your existing lender
- Research suitable remortgage options from other lenders
- Compare rates, fees, incentives and the overall cost
- Check whether any early repayment charges apply
- Look at how much you need to borrow and your remaining mortgage term
- Take account of any changes to your income or circumstances
- Explain our recommendation and why we believe it is suitable for you
At Your Mortgage Expert, we’ll arrange the mortgage for you and manage your application through to completion.
Should you remortgage or stay with your current lender?
You don’t always need to change lender when your mortgage deal ends.
Your existing lender may offer you a new deal, often known as a product transfer. This can sometimes be a straightforward option, but that does not automatically make it the right one.
Our mortgage advice team will compare staying with your current lender with the remortgage options available elsewhere.
Importantly, we will look beyond the headline interest rate. Fees, incentives, early repayment charges, your mortgage balance, term and future plans can all affect which option is right for you.
If the option for you is to stay with your current lender, we can help you. If we recommend moving to another lender, we can advise on that too.
Speak to us before your current mortgage deal ends
You don’t have to wait until your existing mortgage deal has finished before looking at your options.
Speaking to us several months before your current deal ends gives us time to review your mortgage, understand your plans and see what options are available. We would advise you contact a mortgage broker 6 months before your deal ends.
We can help you secure a new mortgage in advance, so you’re not leaving everything until the last minute.
Our work does not necessarily stop once your new mortgage has been arranged. If a better deal becomes available before completion, we can review whether this deal suits you.
Already close to the end of your deal, or has it ended? You can still speak to us. We’ll start from where you are now and help you decide what to do next.
Has something changed since you took out your mortgage?
A remortgage is not simply about finding another interest rate.
Your income, family circumstances, property or plans may be very different from when you arranged your current mortgage.
Perhaps you’re now self employed, have become a company director, work as a contractor, receive overtime or commission, have changed jobs or are approaching retirement.
At Your Mortgage Expert, we’ll look at your circumstances as they are now and identify lenders whose criteria are suited to the way you earn.
This is particularly important if your income is more complicated than a straightforward basic salary.
Do you want to borrow more when you remortgage?
Now is also the opportunity to review whether your existing mortgage still fits what you want to do and whether you want to borrow more.
You might want to raise additional money for:
- Home improvements
- Renovations
- Helping a family member
- Buying another property
- Consolidating debts, where appropriate
- Other significant expenditure
We’ll establish how much additional borrowing you need, assess what may be affordable and explain the mortgage options available to you.
Your dedicated mortgage adviser will also consider whether remortgaging is the appropriate way to raise the money or whether you might want to consider a different type of borrowing.
We will look at the overall cost, not just the rate
The lowest interest rate is not necessarily the cheapest mortgage for you.
A new mortgage can include arrangement fees, valuation costs, legal costs and other charges. Your existing mortgage may also have an early repayment charge.
Some remortgage products include incentives that cover certain costs.
As part of our comprehensive review, our mortgage brokers will take these into account when comparing your options. We will ensure you understand what a new mortgage actually costs you, rather than choosing a mortgage based on the interest rate alone.
Ways we can help you with your renewal
Your reason for reviewing your mortgage will affect the advice you need. You may simply need a new deal when your current rate ends, or you may want to borrow more, change your mortgage or find a lender that better suits your circumstances. Choose the situation that is closest to yours below, or speak to us and we will help you work out which route is right for you.
Your current deal is ending
You want to change your borrowing
Your circumstances are more complex
Product transfer or remortgage?
Product transfer
A product transfer means switching to a new deal with your current lender. It can be quicker and may involve less paperwork, but it does not always mean you are getting the most suitable option.
Remortgage
A remortgage usually means switching your mortgage to a new lender. This can give you access to different rates, terms or borrowing options, but the lender will normally need to assess your income, documents and property.
How we help you choose
We compare both routes where appropriate, including rates, fees, incentives, early repayment charges, affordability and your future plans.
This helps you understand the overall cost, not just the headline rate.
What happens when you ask us to help with your remortgage?
- We review your current mortgage
We will establish your current balance, interest rate, monthly payment, remaining term and when your existing deal ends.
- We find out what you want to do
You may simply want a new deal, or you might want to change your mortgage term, borrow more, reduce your monthly payments or adapt your mortgage to changes in your circumstances.
- We compare your options
We will look at the options available from your current lender and research suitable alternatives from other lenders.
- We recommend a mortgage
We will explain our recommendation, the costs involved and why we believe it is suitable for you.
- We arrange your mortgage
Once you are happy to proceed, we will prepare and submit your application and deal with the lender on your behalf.
- We stay with you through to completion
We will keep you updated, respond to lender queries and help move your remortgage through to completion.
Why choose Your Mortgage Expert for remortgage advice?
When you ask Your Mortgage Expert to help with your remortgage, you’ll have a dedicated mortgage adviser who will get to know your circumstances and manage your mortgage from your initial review through to completion.
We will compare your options, explain the differences, recommend a suitable mortgage and tell you why we are recommending it.
If staying with your current lender is the option for you, we’ll arrange that for you. If switching lender could give you a better solution, we’ll help with that too.
We can also help when your circumstances are less straightforward, including if you are self employed, have company director income, contractor, overtime, commission, multiple sources of income and changes to your circumstances since your last mortgage.
Your Mortgage Expert has been helping clients with their mortgages since 2015. Our advisers are based at our office in Salisbury city centre, and we help clients locally and across the UK by phone and video, with face to face appointments also available in Salisbury.
Review your remortgage options
Page reviewed by: Your Mortgage Expert mortgage advice team
Last updated: September 2026
About this page: This page explains remortgage options for UK homeowners, including product transfers, switching lender, borrowing more and how mortgage advice can help.
Frequently Asked Questions
When should I start looking at remortgage options?
Is a product transfer the same as a remortgage?
Is it better to remortgage or stay with my current lender?
Is a product transfer the same as a remortgage?
Can I remortgage to borrow more?
Can I remortgage if I am self employed?
Can I remortgage if my income has changed?
Can I remortgage with bad credit?
Will remortgaging save me money?
Do I need a solicitor to remortgage?
Can Your Mortgage Expert help if I am not based in Salisbury?
A MORTGAGE IS A LOAN SECURED AGAINST YOUR HOME. YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE OR ANY OTHER DEBT SECURED ON IT.
Buy to Let mortgages and Commercial Lending are not usually regulated by the Financial Conduct Authority.